Sensex down 571 pts, Nifty below 19,750 on hawkish Fed, Indo-Canada tension

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

3:11 PM

ALERT :: Mahindra Lifespace up 1% in weak market on positive sales update

2:57 PM

ALERT :: Canadian visa biz accounts for less than 2% of total revenue, says BLS Int'nal

>> Due to operation reasons, with immediate effect i.e. 21 September 2023, Indian visa services in Canada have been suspended till further notice.

>> The impact of this move is negligible on our financials as the Canadian visa issuance business contributes less than 2% to BLS International’s total annual revenue
 

2:46 PM

ALERT :: Tata Power Renewable Energy to support Nepal's renewable energy needs

>> Tata Power Renewable Energy Limited (TPREL) has signed an agreement with Dugar Power Private Limited (Dugar Power), a subsidiary of Dugar Group which is a prominent business house in Nepal

>> This tie up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward sustainable energy

2:33 PM

ALERT :: ABB secures order for Samskip Group's hydrogen-powered container vessels

Check details here

2:18 PM

Fino Payments shares recover after 'funds misappropriation' allegation

Shares of Fino Payments Bank recovered after falling 7 per cent Thursday as it spoke about complaints of misappropriation of funds invested in schemes introduced by the lender’s employees in their "personal capacity". READ MORE

2:06 PM

KSB soars 12%, hits new high on strong biz outlook, healthy order intake

Government's focus on irrigation projects, drinking water supply, sanitation projects, and urban housing is expected to drive the demand for pumps in the water segment. READ MORE

1:53 PM

Would like to see 10-12% of funding met by public deposits: CEO, LIC HF

Tribhuwan Adhikari, managing director and chief executive officer of LIC Housing Finance, an upper-layer, deposit-taking non-banking financial company (NBFC), discussed strategies to reduce non-performing assets (NPAs) in a conversation with Business Standard. READ MORE

1:42 PM

Nykaa, Paytm, Zomato: Canadian FPI-held stocks take a hit on widening rift

Stocks held by Canada Pension Plan Investment Board (CPPIB), which is among the biggest FPIs investing in the domestic market, have come under pressure since developments on the India-Canada tensions. READ MORE

1:30 PM

ALERT:: Labour dispute halts production at Apollo Tyres Guj plant; stock sheds 3%

The company further stated that while it is closely monitoring the situation, contingency plans are in place to mitigate any supply disruptions. Apollo Tyres also clarified that there is currently no material impact on its operations. READ MORE

1:15 PM

MEA to hold press briefing today as tension with Canada rises

Amid rising tension between India and Canada, the Indian government has suspended visa services for Canadian citizens indefinitely, according to several media reports.

 

There has been no official word from the government, however, the Ministry of External Affairs informed that there will be a briefing at 3:30 pm on Thursday. READ MORE

1:09 PM

Attractive returns see retail investors prefer T-bills over govt bonds

Total subscriptions in the primary market surged to Rs 2,736 crore on September 18, from Rs 1,809 crore on April 3. READ MORE

12:54 PM

ALERT:: Aksh Optifibre wins Rs 13.4 cr order; stock soars 4%

Aksh Optifibre has received work order for Conversion of existing HPSV and normal LED lighting system into smart LED lighting system which are installed by

Jaipur Development Authority, worth Rs 13.43 crore.

12:41 PM

Market check:: PSU Banks witness selling pressure; index slips 0.8%

 

12:29 PM

Asian Market Update:: Nikkei, Kospi, Taiwan decline around 1.5%

12:14 PM

Onion traders in Nashik go on indefinite strike; govt orders strict action

Onion traders have said that they suspended auctions in all agriculture produce market committees in Nashik district of Maharashtra and their protest will continue indefinitely, a development raising the fear of shortage of the kitchen staple in retail markets and hike in prices. READ MORE